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In choosing the Democratic Liu from a crowded field of candidates in this year's election, District Council 37 of the American Federation of State, County and Municipal Employees underscored the populist tenor of his campaign.
WSJ: Big NYC public-employee union picks Liu for mayor
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Mr. Liu said he believed in the innocence of Jia "Jenny" Hou, his 26-year-old former campaign treasurer, who was convicted of attempted wire fraud, obstruction of justice and making false statements to federal law-enforcement agents.
WSJ: New York City Comptroller Liu Defends Campaign
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Xinhua news ageny reported that the government will be reluctant to tighten further given that the faltering global economy could impact on growth in China, said Liu Ligang, director of economic research department of ANZ Greater China.
FORBES: China Inflation Hits New 3-Year High; Will Govt Raise Rates?